Loan File Reviews
The AffirmX residential mortgage loan and/or commercial/business loan file review helps credit unions by periodically reviewing a sampling of Credit Union’s loan files and, if the expanded review is selected, will perform additional credit risk aggregate and trending analyses. The Credit Union selects the review quantity and frequency. AffirmX will review selected loan files, the credit union’s lending policies, and, if the expanded review product is selected, reports and questionnaires.
With a “Basic Residential Mortgage Loan File Review,” AffirmX will review a selection of residential mortgage loan files for compliance with the applicable federal regulatory requirements, compliance with FNMA/FHLMC underwriting requirements, compliance with the Credit Union’s mortgage lending policies, and adherence with general safety/soundness industry guidelines. Under the “Basic Commercial/Business Loan File Review” AffirmX will review a selection of commercial/business loan files for compliance with the applicable federal regulatory requirements, compliance with the financial institution’s business lending policies and adherence with general safety/soundness industry guidelines.
With a “Basic Residential Mortgage Loan File Review,” AffirmX will review a selection of residential mortgage loan files for compliance with the applicable federal regulatory requirements, compliance with FNMA/FHLMC underwriting requirements, compliance with the Credit Union’s mortgage lending policies, and adherence with general safety/soundness industry guidelines. Under the “Basic Commercial/Business Loan File Review” AffirmX will review a selection of commercial/business loan files for compliance with the applicable federal regulatory requirements, compliance with the financial institution’s business lending policies and adherence with general safety/soundness industry guidelines.
Contact Amy Kleinschmit today for a demo, pricing and questions on any compliance solutions - [email protected] or 701-250-3964.
